Bitcoin Dips Under $70K as Market Enters New ‘Distribution’ Phase

Jun 2, 2026 - 13:30
Bitcoin Dips Under $70K as Market Enters New ‘Distribution’ Phase
Bitcoin (BTC) sellers took control during the European trading session on Tuesday as the BTC/USD pair slipped below the $70,000 mark for the first time since April. Analysts said that Bitcoin has entered another distribution phase due to high selling pressure and investors realizing losses. Key takeaways: Bitcoin sees renewed distribution as short-term holders sell...

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